DDD Profit Warning Also Takes Down 3D Printing Stocks XONE and SSYS

Consumer demand was softer than expected

   

DDD Profit Warning Also Takes Down 3D Printing Stocks XONE and SSYS

3DSystemsPromo DDD Profit Warning Also Takes Down 3D Printing Stocks XONE and SSYSA lower earnings outlook from 3D Systems (DDD), sent other 3D Printing stocks tumbling in Wednesday morning trading.

DDD stock plunged more than 25% after DDD said that it anticipates full year 2013 non-GAAP earnings of between 83 cents and 87 cents per share. That was significantly below prior earnings guidance of between 93 cents and $1.03 per share, and disappointed analysts who had predicted non-GAAP earnings of 96 cents a share, StreetInsider notes.

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The warning hit rival 3D printing stocks, sending ExOne (XONE) stock down more than 13% and Stratasys (SSYS) stock down more than 12% in morning trading.

DDD noted that fourth-quarter sales of its professional 3D printing equipment were higher than expected, while consumer and on-demand parts sales were weaker than forecast.

For 2014, DDD said that non-GAAP earnings were expected to fall between 73 cents and 85 cents per share, well below the earnings of $1.27 a share estimated by analysts.

Last month, DDD stock fell sharply after Citron Research released a report warning that DDD would miss earnings estimates in its upcoming quarterly results. XONE stock and SSYS stock were also dragged lower by that report.

DDD recently announced a partnership with Hershey (HSY) to develop 3D printing technology to produce candy.


Article printed from InvestorPlace Media, http://investorplace.com/2014/02/ddd-profit-warning-also-takes-3d-printing-stocks-xone-ssys/.

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